What could affect the price of JUP?
JUP is currently balancing between exciting new features and concerns about too many tokens entering the market.
- Token Unlocks (Bearish) – On September 28, 53.47 million JUP tokens (worth about $26.7 million) will become available, which could put downward pressure on the price.
- Jupiter Lend Launch (Bullish) – The upcoming public release of loans with up to 90% loan-to-value (LTV) could increase fee revenue and support the token price.
- DAO Governance Pause (Mixed) – Governance voting is paused until 2026, which centralizes control and may upset some users but helps the team focus on product improvements.
Deep Dive
1. Token Unlocks and Supply Dynamics (Bearish Impact)
Overview:
On September 28, 2025, an additional 1.28% of the total JUP supply (53.47 million tokens) will enter circulation. After a similar unlock in March 2025, the price dropped 19% but later stabilized as demand absorbed about 42% of the new tokens.
What this means:
While past experience suggests the price impact might be limited, ongoing token unlocks (44% of the total 10 billion JUP supply is already unlocked) could dilute value over time. If more tokens are sold than bought back, the price could fall below the $0.475 support level (Indodax).
2. Jupiter Lend Adoption (Bullish Impact)
Overview:
Jupiter Lend, a lending platform on Solana offering loans with up to 95% LTV, launched a private beta in August. The full public launch is expected by late September. Features like isolated vaults are designed to meet demand for decentralized finance (DeFi) borrowing.
What this means:
If Jupiter Lend gains traction, it could follow the success of platforms like Kamino Finance, which reached $2.67 billion in total value locked (TVL). Half of the fees generated could be used to buy back JUP tokens, potentially offsetting selling pressure from token unlocks (CoinMarketCap).
3. Governance Overhaul and Sentiment (Mixed Impact)
Overview:
Voting within the decentralized autonomous organization (DAO) is paused until 2026 after controversial proposals favored insiders. Meanwhile, the team is focusing on product development, including mobile app upgrades and testing the Jupnet network.
What this means:
Centralizing control may disappoint supporters who value decentralization, but it could speed up product improvements. The 21.8% price drop after the governance pause shows how sensitive the market is to these changes. Restoring trust will depend on reforms planned for 2026 (The CC Press).
Conclusion
JUP’s short-term outlook depends on managing price swings from token unlocks while benefiting from Jupiter Lend’s revenue growth. Breaking above $0.63 could indicate positive momentum, but falling below $0.51 might lead to retesting June’s lows. Keep an eye on upcoming U.S. crypto tax policies in October and JUP’s staking ratio (currently 23%) for signs of liquidity changes.
Will the public launch of Jupiter Lend spark the rise of a “DeFi super-app,” or will concerns about token dilution take center stage?
What are people saying about JUP?
The Jupiter (JUP) community is divided between excitement over Solana’s growing decentralized finance (DeFi) scene and concerns about governance challenges. Here’s what’s currently trending:
- Positive outlook on Jupiter Lend’s loans with up to 90% loan-to-value (LTV)
- Worries about $32 million worth of tokens becoming available and paused voting in the DAO (Decentralized Autonomous Organization)
- Traders watching the $0.63 price level as a key point for a potential breakout
Deep Dive
1. @JupiterExchange: Validator Growth & Lend Launch — Positive
"Jupiter became Solana’s 7th-largest validator… Lend Beta launched with 95% LTV loans."
– @JupiterExchange (283K followers · 1.2M impressions · 2025-08-02 18:59 UTC)
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What this means: Jupiter is strengthening its role in the Solana network by becoming a top validator, which helps secure the blockchain. The launch of Jupiter Lend, offering loans with high loan-to-value ratios, could generate revenue through lending fees. Half of these fees are planned to be used to buy back JUP tokens, potentially supporting the token’s price.
2. @ali_charts: Resistance Rejection — Negative
"JUP faces strong resistance at $0.63… failure risks drop to $0.39."
– @ali_charts (806K followers · 3.4M impressions · 2025-07-29 01:13 UTC)
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What this means: The token price is struggling to rise above $0.63, which could lead to a decline toward $0.39. This technical weakness may increase selling pressure, especially after $32 million worth of tokens were unlocked in July. However, demand has absorbed about 42% of this new supply, which is a positive sign (CCN).
3. @genius_sirenBSC: Solana DeFi Rotation — Mixed
"JUP rides Solana’s $12B TVL surge… but DAO governance paused until 2026."
– @genius_sirenBSC (41K followers · 287K impressions · 2025-05-26 14:42 UTC)
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What this means: Solana’s decentralized finance ecosystem is growing rapidly, with a total value locked (TVL) of $12 billion, which benefits Jupiter’s utility. However, the pause in DAO governance until 2026 raises concerns about centralization and may discourage long-term supporters.
Conclusion
Opinions on Jupiter (JUP) are mixed. While Solana’s strong infrastructure supports its growth, there are concerns about token supply and governance. Keep an eye on the $0.51 to $0.63 price range this week. A breakout above this range could depend on whether the upcoming public launch of Jupiter Lend (expected in late September) can counteract selling pressure from token unlocks.
What is the latest news about JUP?
Jupiter is managing token unlocks and growing its ecosystem while making the platform safer. Here’s the latest update:
- Token Unlock Impact (September 28, 2025) – 53.47 million JUP tokens (worth $26.7 million) were released, testing how the market handles the new supply.
- Meteora Airdrop Eligibility (September 17, 2025) – JUP holders who stake their tokens can now earn $MET rewards.
- Token Verification v4 Launch (August 2, 2025) – New security measures cut fake token listings by about 40%, increasing user confidence.
In-Depth Look
1. Token Unlock Impact (September 28, 2025)
What happened:
On September 28, 2025, 53.47 million JUP tokens were unlocked, which is about 1.75% of all JUP tokens in circulation. This amount is valued at $26.7 million. In past unlocks, about 42% of the new tokens were absorbed by the market without causing big price drops. However, this time, the broader market is more uncertain.
What it means:
This event is likely to put some short-term downward pressure on JUP’s price because token unlocks often lead to more selling. But strong demand from Solana’s decentralized finance (DeFi) sector, which holds over $10 billion in total value locked (TVL), might help keep prices stable. Traders are watching the $0.475 price level closely after the unlock.
(Source: Bitrue)
2. Meteora Airdrop Eligibility (September 17, 2025)
What happened:
JUP token holders who stake their tokens became eligible to receive an airdrop of $MET tokens from Meteora. This rewards users for participating in the Jupiter ecosystem and encourages more collaboration between projects.
What it means:
This is good news for JUP holders because it encourages them to stake their tokens longer, which helps reduce selling pressure. Over 23% of all JUP tokens are already staked, showing strong commitment from the community.
(Source: @WhatUCookYouEat)
3. Token Verification v4 Launch (August 2, 2025)
What happened:
Jupiter released version 4 of its Token Verification system, which includes stricter checks on token audits and liquidity. This update cut down fake token listings by about 40% in the first week. It also came with API improvements to help developers.
What it means:
This update makes trading on Jupiter safer and more trustworthy, which is great for attracting everyday users and lowering regulatory risks. Increased trust could lead to more trading volume on Jupiter’s platform, which handled $142 billion in the second quarter of 2025.
(Source: JupiterExchange)
Conclusion
Jupiter is balancing the risks of token unlocks with incentives for users and important security upgrades. While the token unlock might cause some price pressure, partnerships like the Meteora airdrop and stronger platform safety measures support Jupiter’s position in Solana’s DeFi space. The key question remains: Will JUP’s staking rewards and ongoing product improvements outweigh concerns about token dilution after the unlock?
What is expected in the development of JUP?
Jupiter’s roadmap is focused on growing its ecosystem, launching new products, and updating its governance structure.
- Jupnet Public Testnet (Early Q4 2025) – A network that connects different blockchains to enable easy token swaps across them.
- Jupiter Lend Full Launch (Q4 2025) – A lending platform where users can borrow and lend without restrictions, offering loans up to 90% of collateral value.
- Desktop Wallet Release (Q4 2025) – A new desktop app to make it easier to access Jupiter’s decentralized finance (DeFi) services.
- DAO Governance Restart (2026) – Restarting community voting with a new governance model after a pause.
- Jupuary 2026 Distribution (January 2026) – Annual rewards for active users and developers in the Jupiter ecosystem.
Deep Dive
1. Jupnet Public Testnet (Early Q4 2025)
Overview: Jupnet is designed to connect multiple blockchains, allowing users to swap tokens across different networks smoothly by pooling liquidity from various sources. The public testnet will let developers and users try out these features and find any issues.
What this means: This is positive for Jupiter (JUP) because it could expand its reach beyond the Solana blockchain, attracting users and liquidity from other popular blockchains like Ethereum and Cosmos. However, there are challenges due to the technical complexity and competition from existing cross-chain solutions (Jupiter Q2 Update).
2. Jupiter Lend Full Launch (Q4 2025)
Overview: After a private testing phase in August 2025, Jupiter Lend will officially launch with separate lending pools, automated tools to maximize returns, and $2 million in incentives to encourage use. Users can use JUP tokens as collateral, increasing their usefulness.
What this means: This should increase demand for JUP tokens as more people borrow and lend, which can lead to more activity and faster token circulation. Success depends on growth in Solana’s DeFi market and user adoption (Jupiter Announcement).
3. Desktop Wallet Release (Q4 2025)
Overview: Jupiter will release a desktop wallet that combines trading, lending, and portfolio management tools. It will offer features like one-click token swaps and transactions without extra fees.
What this means: This is likely positive or neutral. A better user experience could attract more serious or institutional users, but it will compete with well-known wallets like Phantom.
4. DAO Governance Restart (2026)
Overview: Community voting on Jupiter’s future, which was paused in June 2025, will restart with a new governance system aimed at reducing central control. Upcoming votes will focus on managing funds and upgrading the platform.
What this means: In the short term, this could be negative if users still have trust issues. However, in the long run, improved decentralization is a positive sign. Staking rewards of 50 million JUP per quarter will continue during this period (DAO Pause Details).
5. Jupuary 2026 Distribution (January 2026)
Overview: Jupiter’s yearly token distribution event will reward active users and developers with 700 million JUP tokens, based on activity up to November 2025.
What this means: This event encourages community participation but could put downward pressure on prices if recipients sell their tokens quickly. Previous Jupuary events have caused short-term price swings (Genesis Post).
Conclusion
Jupiter’s roadmap combines new technology (like Jupnet and Lend) with community rewards (Jupuary) while addressing governance challenges. The upcoming product launches in late 2025 could strengthen Jupiter’s role as a key DeFi platform on Solana. However, risks remain from token unlocks and broader market conditions. Will Jupnet’s vision for cross-chain connectivity help Jupiter overcome the ups and downs of the Solana ecosystem?
What updates are there in the JUP code base?
Jupiter made significant improvements to its technology in mid-2025, focusing on better APIs and stronger security.
- API Upgrade (June 2025) – Switched to new V3 API endpoints with better data accuracy and tiered access for users.
- Token Verification v4 (August 2025) – Cut fake token listings by 40% through stricter checks.
- Trigger API Changes (March 2025) – Updated order execution endpoints and added new parameters.
In-Depth Look
1. API Upgrade (June 2025)
What happened: Jupiter retired older APIs and launched V3 endpoints that include outlier detection to provide more accurate pricing data. Paid users access the main API at api.jup.ag, while free users use lite-api.jup.ag with tighter limits.
Technical details: Old paths like /limit/v2 were replaced by /trigger/v1, and response fields changed (for example, tx is now transaction). Developers on the free tier who didn’t update by May 2025 now get 401 errors when using old endpoints.
Why it matters: This upgrade is positive for Jupiter (JUP) because it offers more reliable data for large institutional users. However, smaller developers might find the migration process challenging. (Source)
2. Token Verification v4 (August 2025)
What happened: The fourth version of token verification introduced stricter audits and higher liquidity requirements, reducing fake token listings by about 40% in the first week.
Technical details: The system now cross-checks bonding curve patterns and wallet activity to identify scams. While the exact methods aren’t public, the focus is on making trading safer and more transparent for everyday users.
Why it matters: This is good news for Jupiter (JUP) because safer trading environments can attract more retail traders and lower regulatory concerns. (Source)
3. Trigger API Changes (March 2025)
What happened: New /execute endpoints were introduced, requiring a requestId parameter for order execution. The old /limit/v2 endpoint was replaced by /trigger/v1.
Technical details: The response field tx changed to transaction, which means developers need to update their code. Also, multi-order cancellations now use /cancelOrders.
Why it matters: This update is neutral for Jupiter (JUP). It improves scalability for high-frequency traders but may cause short-term headaches for developers updating their integrations. (Source)
Conclusion
Jupiter’s 2025 updates focus on delivering reliable APIs for institutions, enhancing user safety with better token verification, and supporting scalable order execution. These changes support Jupiter’s role as a key player in Solana’s decentralized finance (DeFi) ecosystem. The main question is whether the migration challenges for free-tier developers will slow down growth in the last quarter of 2025.
Why did the price of JUP fall?
Jupiter (JUP) dropped 2.91% in the last 24 hours to $0.433, underperforming the overall crypto market, which fell just 0.25%. This decline is due to technical weaknesses, upcoming token unlocks, and investors shifting focus away from established DeFi platforms.
- Token unlock pressure – 53.47 million JUP tokens ($26.71 million) unlocked this week
- Technical weakness – Price fell below important moving averages; RSI shows oversold conditions
- Sector rotation – Investors moving to newer Solana DeFi projects like Avantis and Aster
Deep Dive
1. Token Unlock Sell Pressure (Bearish Impact)
Overview:
This week, 53.47 million JUP tokens (about 1.75% of the total supply) were unlocked, valued at $26.71 million based on current prices (source). Historically, when tokens unlock, holders often sell some of their tokens to take profits, which can cause short-term price drops.
What this means:
Although the market handled 42% of previous unlocks without major price crashes (source), the timing of this unlock added selling pressure during a period of weak market sentiment.
What to watch:
Keep an eye on wallet activity. If unlocked tokens are moved to exchanges like Binance or Kraken, it could signal more selling ahead.
2. Technical Weakness (Bearish Momentum)
Overview:
JUP’s price fell below a key support level at $0.475 (the low from August) and is now trading below important moving averages:
- 7-day Simple Moving Average (SMA): $0.463
- 30-day SMA: $0.504
The Relative Strength Index (RSI) over 7 days is 30.93, indicating the token is oversold, but the MACD histogram remains negative at -0.0113, showing continued downward momentum.
What this means:
This technical breakdown suggests traders are selling off, possibly aiming for a price retracement down to the next support level at $0.424.
3. Solana DeFi Rotation (Mixed Impact)
Overview:
Newer decentralized exchange (DEX) platforms on Solana, like Avantis (up 320%) and Aster (up 146%), outperformed JUP, which dropped 8% last week (source).
What this means:
Although JUP remains the top DEX aggregator on Solana with $142 billion in trading volume in Q2, investors are shifting toward higher-risk, higher-reward projects. JUP’s 24-hour trading volume also dropped 46% to $28.78 million, indicating less trading activity.
Conclusion
Jupiter’s recent price drop is driven by a mix of increased token supply from unlocks, technical selling signals, and investors moving funds to newer Solana DeFi projects. While partnerships like Sharps Technology’s integration of SOL staking (source) offer long-term benefits, short-term challenges are weighing on the token.
Key level to watch: Can JUP hold the $0.424 support? If it breaks below this, it could trigger further sell-offs toward the 2024 low of $0.33.